Budget 2026: India Semiconductor Mission 2.0 announced with 40,000cr overlay

By Mudit Dube

Feb 01, 2026

11:21 am

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What's the story

In her record-breaking ninth consecutive Budget presentation today, Finance Minister Nirmala Sitharaman officially announced the next phase of India's technological evolution by launching India Semiconductor Mission (ISM) 2.0. With a fresh ₹40,000 crore outlay, this second phase is designed to transform India from a manufacturing destination into a global semiconductor powerhouse.